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Rumble eyes $1.17 billion takeover of Northern Data to expand AI and cloud power
Rumble eyes $1.17 billion takeover of Northern Data to expand AI and cloud power

Share link:In this post: Rumble may buy Northern Data for €1B, offering 2.319 Rumble shares per Northern Data share. Northern Data will sell its bitcoin mining unit to Elektron Energy for up to $235M, with proceeds going toward repaying a Tether loan. Rumble’s Q2 loss widened to $30.2M despite 12% revenue growth; monthly active users fell to 51M.

Cryptopolitan·2025/08/11 19:15
Indonesia targets sovereign AI fund to boost sector amid regional competition
Indonesia targets sovereign AI fund to boost sector amid regional competition

Share link:In this post: Indonesia proposes sovereign AI fund to boost position as regional tech hub. A strategy paper outlines the roadmap for AI growth to 2030, pending public input. However, the plan faces hurdles including skills shortages, low research spend, and patchy internet.

Cryptopolitan·2025/08/11 19:15
China Rare Earth Group, Ant Group quash reports of joint stablecoin effort with PBOC
China Rare Earth Group, Ant Group quash reports of joint stablecoin effort with PBOC

Share link:In this post: Ant Group denied claims on Chinese social media regarding plans to develop rare-earth-backed stablecoins in collaboration with the People’s Bank of China (PBoC). The denial was issued on August 11, 2025, amid growing speculation about the potential for stablecoins backed by rare earth elements. JD.com and Alibaba have been trying to get the People’s Bank of China to approve a stablecoin based on the offshore yuan to challenge USD-backed stablecoins.

Cryptopolitan·2025/08/11 19:15
Korean Stock Investors Pivot to Crypto, Softbank Paypay US Listing and More
Korean Stock Investors Pivot to Crypto, Softbank Paypay US Listing and More

South Korean retail investors shift focus from US tech stocks to crypto, as regulatory changes drive the move.

BeInCrypto·2025/08/11 18:00
XLM’s Bullish Setup Holds—But Stellar Gains Could Stall for Now
XLM’s Bullish Setup Holds—But Stellar Gains Could Stall for Now

Stellar price remains inside a bullish setup after its recent breakout, but record exchange balances and fading momentum hint that gains could take longer to arrive.

BeInCrypto·2025/08/11 17:00
Flash
  • 07:26
    Bloomberg Analyst: DOGE Spot ETF and XRP Spot ETF Issued by REX-Osprey to Be Listed on Thursday
    ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on social media that the DOGE spot ETF and XRP spot ETF issued by REX-Osprey will be listed on Thursday. In addition, the TRUMP spot ETF and BONK spot ETF have also submitted registration, but the launch dates have not yet been announced. It is worth noting that, unlike the Bitcoin and Ethereum spot ETFs which previously required a lengthy approval process, these funds utilize the Investment Company Act of 1940 (commonly known as the "40 Act"). This framework provides a streamlined path for products, including enhanced investor protections for custody, governance, and transparency—features that regulators view positively.
  • 06:59
    Major gold heist in Hong Kong: 10 robbers steal 65 kilograms of gold worth over 53 million yuan
    On September 18, it was reported that a major robbery occurred at a gold processing workshop in Hung Hom, Kowloon, Hong Kong, in the early morning of September 17. About 10 robbers broke into the workshop and stole 65 kilograms of gold bars, gold bricks, and gold powder, with a total value of approximately HKD 58 million (about RMB 53.02 million). They also stole about HKD 30,000 in cash. The incident happened at around 5 a.m. that day, when the person who reported the case and five friends were resting inside the workshop. After the robbers succeeded, they took the six people outside the workshop, locked the main door with an iron chain, and then fled. The case has been handed over to the West Kowloon Crime Squad for further investigation.
  • 06:46
    Japanese and South Korean stock markets hit new closing highs again
    Jinse Finance reported that the main stock indices in Japan and South Korea reached new closing highs again on Thursday. On September 18 (Thursday), the Nikkei 225 Index closed up 513.05 points, an increase of 1.15%, at 45,303.43 points. On September 18 (Thursday), the South Korean KOSPI Index closed up 47.9 points, an increase of 1.4%, at 3,461.3 points. (Golden Ten Data)
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